Salzgitter (OTCMKTS:SZGPY)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Wednesday, The Fly reports.
SZGPY has been the topic of a number of other reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Salzgitter in a report on Thursday, August 12th. UBS Group restated a “sell” rating on shares of Salzgitter in a report on Monday, August 9th. Credit Suisse Group reiterated an “underperform” rating on shares of Salzgitter in a report on Friday, August 13th. Morgan Stanley reiterated an “equal weight” rating on shares of Salzgitter in a report on Monday, August 16th. Finally, Zacks Investment Research downgraded Salzgitter from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.25.
OTCMKTS:SZGPY traded up $0.06 during mid-day trading on Wednesday, reaching $3.75. The company’s stock had a trading volume of 123 shares, compared to its average volume of 3,406. The company’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $3.30. Salzgitter has a twelve month low of $1.54 and a twelve month high of $4.07. The stock has a market cap of $2.25 billion, a P/E ratio of 17.05 and a beta of 1.20.
Salzgitter AG engages in the manufacture of steel and technology products. It operates through the following business units: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel unit produces, processes and sells strip steel in a wide variety of metallurgic compositions and dimensions.
Featured Article: Reverse Stock Split
Receive News & Ratings for Salzgitter Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter and related companies with MarketBeat.com's FREE daily email newsletter.